The "per se" standard makes antitrust action less likely than would the "rule of reason"
Indicate whether the statement is true or false
F
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Minneapolis business Rogue Chocolatier sells specialty chocolate bars with a high cocoa content. If Rogue's average total cost decreases as the business increases plant size, then Rogue experiences
A) economies of scale. B) diseconomies of scale. C) diminishing marginal returns. D) constant returns to scale.
The impact of computers on U.S. productivity growth: a. has been disappointingly small—about one-half percentage point annually between 1972 and 1996. b. has been dramatic, contributing to significant growth during the early years of the 21st century. c. has been significant in the health care sector but not elsewhere
d. has actually been negative in most industries. e. was greater during the period 1972–1990 than it has been since that time.
An increase in the value of a currency relative to other currencies is called a(n):
A. evaluation. B. overvaluation. C. appreciation. D. devaluation.
Assume that the nominal GDP for a given year is equal to $12,400 billion and the GDP deflator equals 112. Real GDP for that year is approximately
A. $12,228.1 billion. B. $12,512.0 billion. C. $13,888.0 billion. D. $11,071.4 billion.